In Re Billingsley

OPINION

LARRY L. LESSEN, Bankruptcy Judge.

The issue before the Court is whether Niemerg Gas Company has a perfected security interest in the Debtor’s 500 shares of stock in Excel Energy Company.

The material facts are not in dispute. Niemerg Gas Company obtained a $550,000 judgment against the Debtor, Gary Billingsley, and several co-defendants on August 15, 2001. The Judgment Order, which was entered pursuant to a settlement agreement, provided in pertinent part as follows:

H. The defendants shah provide a blanket hen and collateral assignment of all assets of the defendants to secure the…